Psst hey kid wanna build communism3/22/2023 ![]() industry is competing with countries “that have longer-term visions and political systems with less change.” “Development policies have come and gone” in the U.S. Graham Noyes, an attorney with wind energy industry law firm Stoel Rives LLP, noted, to no one’s surprise, that the most popular current incentive is not the production tax credit (PTC) that buoyed the industry through its 2005-to-2008 boom years, but rather, the investment tax credit (ITC) that, with the emergency financial crisis legislation of 2008, became convertible to cash under what is popularly known as the Section 1603 cash grant.īut it and the Recovery Act-funded federal loan guarantee program and bonus depreciation opportunities all appear to be vulnerable in the current political climate, threatening the wind industry’s health. At a webinar sponsored by industry technical journal Windpower Engineering, three veterans of wind project finance addressed those complexities. The more natural gas there is, the more wind is appealing as a constant-priced hedge.īuying into a wind farm never looked so good - except for the complexities in getting the financing right. The more wind capacity there is, the more appealing natural gas is as a ramping alternative. Only natural gas, which is currently very cheap but has a history (and likely future) of price volatility, has done better.Īnd the wind power-natural gas competition is good for both industries. Wind power has supplied an average of 35 percent of new U.S. ![]() This year, with six and even five-and-one-half cent bids commonplace and guaranteed for the term of twenty-year power purchase agreements (PPAs), wind is an electricity market leader. ![]() Last year, at seven cents per kilowatt-hour, wind energy-generated electricity was considered competitive. Wind is ready, which explains President Obama’s touting of it in two widely heralded public appearances recently, as well as the hundreds of millions of dollars of high-profile investments Google has made in it over the last year. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |